The Walter Kaitz Foundation said Thursday that it has awarded more than $725,000 to fund 2010 programs of cable diversity organizations the Emma L. Bowen Foundation and the National Association for Multi-ethnicity in Communications (NAMIC).
The money for grants is raised through the proceeds generated by the Kaitz Foundation's annual fundraising dinner, held in October in Denver. More than 700 cable executives attended the dinner in Denver, down from 1,300 in the prior year.
The funding will be used specifically for the Bowen Foundations Link Mentoring Program, 2010 Summer Conference and its "Navigating Your Course" workshop. NAMIC will use the money for its L. Patrick Mellon Mentorship Program.
Missing from the funding list is Women in Cable and Telecommunications (WICT), which usually receives some proceeds from the dinner. According to National Cable and Telecommunications Association spokeswoman Joy Sims, WICT did not request funding this year. In the past the organization has used Kaitz money to help fund its Rising Leaders program for mid-level managers.
"Due to the generosity of the Kaitz Foundation, WICT has developed many successful initiatives including the WICT Rising Leaders Program," WICT spokeswoman Mary Busby said in a statement. "Aligned with one of WICT's goals for receiving Kaitz funding, the Rising Leaders Program is now self-sustained through industry support, and WICT did not seek supplemental funding through Kaitz in 2010.
"Subsequently, and in light of industry consolidation, WICT did not foresee plans to launch any new programs that would be eligible for Kaitz funding; therefore, WICT made the decision not to seek grant funds," she added. "With that noted, WICT's new CEO, Maria Brennan, and the Kaitz Executive Director, David Porter, are currently exploring opportunities for the two organizations to collaborate, including the potential of joint-programming activities within Diversity Week this September."
Overall, the 2009 Kaitz dinner grossed more than $1 million, short of the $1.7 million it raised in 2008 when it doled out about $1.3 million.
The 2010 Kaitz dinner will be returning to New York City, scheduled for Sept. 15 at the Hilton New York hotel and part of cable's Diversity Week activities.
"The Foundation is proud to once again provide funding for mentoring, career development and programmatic activities for the programs of our fellow diversity organizations. It is these kinds of programs that benefit the entire industry by creating highly-trained and knowledgeable executives of the future," said Porter in a statement. "Our annual dinner is the hallmark of our industry's fundraising activities and provides significant funding through its important grants process. We are hopeful that we will see a significant rise in the number of attendees when the dinner heads back to New York in the fall."